ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund

XNYS
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

ETV — —
Key stats
About
Exchange
XNYS
Market Cap
$1.7B
List Date
2005-06-28
CIK
0001322436
Homepage
https://www.eatonvance.com

Eaton Vance Tax-Managed Buy-Write Opp is a United States-based diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks, designated segments of which seek to exceed the total return performance of the S&P 500 and the NASDAQ-100.

Fund profile
Options Income Covered Call Eaton Vance Actively managed
Sells options for income. Distributions can exceed what the strategy earns, in which case part of the payout is the fund's own capital. Compare the distribution rate with the price change in the ETF lab.
Expense ratio
—
Assets
$1.7B
shares × price, Oct 21, 2026
Trailing yield
—
Average daily volume
$2.7M
30 sessions
Holdings
—
Listed
Jun 28, 2005
NYSE
FrenzyCap ETF score
63
how it is built
Costn/a
Liquidity48
Scale83
Diversificationn/a

Moves with. US large-cap stocks (54% of its variance, beta 0.77). These factors explain 60% of its daily moves over the last year.

Overlap toolAll Covered Call ETFs

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SPYINEOS S&P 500 High Income ETF—0.68%$10.4B+1.4%compare
QYLDGlobal X Funds Global X NASDAQ-100 Covered Call ETF—0.60%$8.4B+6.5%compare

The largest other funds in the Covered Call category.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-1.00%-7.50%7.40%1.80%1.55%2.30%0.76%
Feb0.33%-1.66%-2.48%3.93%-0.98%-0.88%-0.29%
Mar2.11%1.30%-2.77%-1.07%-5.37%-6.94%-2.12%
Apr2.78%-7.68%-1.52%-1.86%-1.81%5.79%-0.72%
May0.56%-1.31%-0.97%3.00%3.89%1.92%1.18%
Jun1.81%-4.93%4.24%4.91%1.99%-0.27%1.29%
Jul1.35%10.15%4.00%0.07%0.00%-2.14%2.24%
Aug0.61%-1.79%-4.00%1.79%2.72%3.15%0.41%
Sep-3.38%-9.93%-6.34%4.15%2.37%-1.84%-2.49%
Oct2.99%5.47%-6.16%0.81%2.18%-2.14%*0.53%
Nov-2.41%-6.88%8.05%4.94%-0.07%--0.73%
Dec3.72%-7.60%-0.88%0.00%0.14%---0.92%
Total9.61%-29.42%-2.71%24.57%6.45%-1.61%1.15%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $14.90
SMA 50: $15.09
SMA 200: $14.69
Current: $14.63
EMA 12: $14.81
EMA 26: $14.93
MACD: -0.1169 | Signal: -0.0292
BEARISH
ADX (14): 22.24
WEAK TREND
+DI: 15.75
−DI: 26.89

Momentum Oscillators

RSI (14): 37.83
NEUTRAL
Stoch %K: 18.90
Stoch %D: 17.19
Williams %R: -92.34

Volume & Volatility

BB Upper: $15.23
BB Lower: $14.57
NEUTRAL
OBV: 4,140,993
Vol SMA 20: 197,072
Vol ROC: -96.87%
ATR: $0.19
True Range: $0.14
HV 20: 11.4%
HV 30: 12.6%
HV 60: 13.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: ETV

Executive Summary

Overall Assessment: NEUTRAL (confidence level 6/10)

Key Drivers:

  • Technical indicators suggest a neutral trend with no clear direction
  • Recent news headlines have been neutral, focusing on general market commentary and routine announcements
  • Risk metrics indicate moderate volatility, with the stock generally following market trends

Primary Risks:

  • Lack of clear technical direction or catalysts could lead to sideways trading
  • High option implied volatility could be an indication of increased market uncertainty

Investment Thesis: ETV appears to be in a neutral trend zone, with no clear buy or sell signals. The lack of recent news sentiment and moderate risk metrics suggest that the stock may continue to trade within its current range. A patient approach with a focus on mean reversion could provide opportunities for profitable trading.

Recent News Sentiment Impact: The recent news headlines have been largely neutral, without any significant market-moving events or changes in fundamentals. This has contributed to the overall neutral assessment of ETV's technical trend.

Technical Analysis

Trend Direction: Neutral (no clear short-term, medium-term, or long-term direction)

Support/Resistance Levels:

  • Lower Bollinger Band: $14.95
  • Middle Bollinger Band: $15.20
  • Upper Bollinger Band: $15.44
  • SMA 200: $14.57

Momentum Signals:

  • RSI (14): 57.22 (neutral)
  • MACD: 0.10 / Signal: 0.01 / Histogram: 0.10 (bullish)

Volume Analysis:

  • Volume SMA 20: 155047.96
  • On-Balance Volume (OBV): 5649562.66
  • Volume Rate of Change: -18.40% (indicating a decrease in trading volume)

News & Sentiment Analysis

Recent Headlines Summary:

  • ETB: Attractive Discount And A Distribution Rate Of 9.25% (Seeking Alpha, 2024-05-18) - NEUTRAL
  • 5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps) (Seeking Alpha, 2024-02-16) - NEUTRAL
  • SPXX: Have Buy-Write CEFs Actually Cushioned The Bear Mauling? (Seeking Alpha, 2022-09-18) - NEUTRAL

Sentiment Assessment: The recent news headlines have been largely neutral, without any significant market-moving events or changes in fundamentals.

Catalyst Identification:

  • No upcoming earnings announcements or product launches

Market Narrative: The lack of clear technical direction and neutral news sentiment suggests that ETV may continue to trade within its current range.

Risk & Volatility Assessment

Risk Metrics:

  • Beta: 0.82 (vs SPY)
  • Alpha: -0.05
  • Correlation: 0.78
  • Stock Volatility: 0.13
  • Interpretation: Moderate volatility - stock generally follows market

Options Market Signals:

  • IV Premium vs HV30: N/A (positive = implied richer than realized)

Downside Protection: The lower Bollinger Band ($14.95) and SMA 200 ($14.57) provide support levels for risk management.

Market Context & Positioning

Sector Performance: ETV's performance is generally in line with its sector and market trends.

Institutional Activity: The volume data suggests moderate institutional interest, but no clear buying or selling signals.

Correlation Analysis: The stock's correlation with the market (0.78) indicates that it generally follows market trends.

Relative Valuation: ETV appears to be trading within its recent range, without any significant deviations from its historical volatility.

Key Levels & Action Items

Critical Price Levels:

  • Lower Bollinger Band: $14.95
  • Middle Bollinger Band: $15.20
  • Upper Bollinger Band: $15.44

Breakout/Breakdown Levels: No clear technical levels that could trigger significant moves in the short-term.

Time-Sensitive Catalysts: No upcoming earnings announcements or product launches.

Risk Management: Stop-loss levels can be set at the lower Bollinger Band ($14.95) for risk management, considering a potential mean reversion event.

Conclusion: ETV appears to be in a neutral trend zone, with no clear buy or sell signals. The lack of recent news sentiment and moderate risk metrics suggest that the stock may continue to trade within its current range. A patient approach with a focus on mean reversion could provide opportunities for profitable trading.

Generated
News
All ETV news →

ETV Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.8378
Alpha: -8.07%
Correlation: 0.7698
R-Squared: 59.3%
Stock Volatility: 13.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
Notable investors who own ETV
1 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Rockefeller Capital Management Family office
Rockefeller family
$2.2M
0.00%
#1341 of 4729+13.5%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

ETV Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

198 filers22,511,068 shares$334.77M value
# Filer Shares Value % of Total % of Float Period
1 LPL Financial LLC Custodian 1,871,053 $27.84M 8.32% — 2026-06-30
2 Morgan Stanley Custodian 1,869,128 $27.81M 8.31% — 2026-06-30
3 GUGGENHEIM CAPITAL LLC 1,457,304 $21.68M 6.48% — 2026-06-30
4 Invesco Ltd. Custodian 1,445,729 $21.51M 6.43% — 2026-06-30
5 Raymond James Financial, Inc. Custodian 1,169,365 $17.40M 5.20% — 2026-06-30
6 PARAGON FINANCIAL PARTNERS, INC. 973,129 $14.27M 4.26% — 2026-06-30
7 Bank of America Corp Custodian 671,347 $9.99M 2.98% — 2026-06-30
8 BALANCED WEALTH GROUP LLC 617,433 $9.19M 2.74% — 2026-06-30
9 PRINCIPAL SECURITIES, INC. 591,357 $8.80M 2.63% — 2026-06-30
10 Wells Fargo & Company Custodian 491,893 $7.32M 2.19% — 2026-06-30
11 Ameriprise Financial, Inc. Custodian 482,971 $7.19M 2.15% — 2026-06-30
12 UBS Group AG Custodian 467,155 $6.95M 2.08% — 2026-06-30
13 Steward Partners Investment Advisory, LLC 437,539 $6.51M 1.94% — 2026-06-30
14 Royal Bank of Canada Custodian 436,144 $6.49M 1.94% — 2026-06-30
15 MML INVESTORS SERVICES, LLC 434,339 $6.46M 1.93% — 2026-06-30
16 Cetera Investment Advisers Custodian 407,816 $6.07M 1.81% — 2026-06-30
17 OSAIC HOLDINGS, INC. Custodian 396,176 $5.90M 1.76% — 2026-06-30
18 SIMS INVESTMENT MANAGEMENT, LLC 385,399 $5.75M 1.72% — 2026-09-30
19 Kingstone Capital Partners Texas, LLC 314,746 $4.68M 1.40% — 2026-06-30
20 Envestnet Asset Management, Inc. 309,082 $4.60M 1.37% — 2026-06-30
21 Franklin Resources, Inc. Custodian 301,867 $4.49M 1.34% — 2026-06-30
22 Advisors Asset Management, Inc. 288,807 $4.30M 1.28% — 2026-06-30
23 Cambridge Investment Research Advisors, Inc. 268,687 $4.00M 1.19% — 2026-06-30
24 COMMONWEALTH EQUITY SERVICES, LLC 263,007 $3.91M 1.17% — 2026-06-30
25 Focus Partners Wealth 259,687 $3.86M 1.15% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

ETV Insider Trading (Form 4)

Latest: 2021-07-01
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2021-07-01 Michael A Allison President — — — EDGAR
2015-07-28 Michael A Allison President Other (J) +300 $15.01 $4.5K EDGAR
2015-07-01 Walter A Row III President — — — EDGAR
2013-10-02 Duncan W Richardson Vice President — — — EDGAR
2011-04-27 Duncan W Richardson Vice President Buy (P) +2,000 $12.97 $25.9K EDGAR
2008-10-28 Duncan W Richardson President Buy (P) +500 $10.20 $5.1K EDGAR
2008-07-16 Duncan W Richardson President Buy (P) +1,000 $14.41 $14.4K EDGAR
2008-03-10 Ronald M Egalka — — — EDGAR
2007-12-26 Duncan W Richardson President Buy (P) +500 $16.15 $8.1K EDGAR
2007-11-13 Duncan W Richardson President Buy (P) +1,000 $16.63 $16.6K EDGAR
2007-11-06 James B Hawkes Vice President — — — EDGAR
2007-10-23 Duncan W Richardson President Buy (P) +500 $17.20 $8.6K EDGAR
2007-08-14 James B Hawkes Vice President Buy (P) +600 $17.97 $10.8K EDGAR
2007-07-27 Duncan W Richardson President Buy (P) +500 $18.15 $9.1K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
ETF Holders
2 ETFs hold ETV
2 shown · $15.77M total exposure
# ETF Provider Weight $ Exposure ETF AUM As Of
1 PCEF Invesco CEF Income Composite ETF Invesco 2.08% $15.6M — 2026-10-20
2 CCEF Calamos CEF Income & Arbitrage ETF Nport 0.49% $166,420 — 2026-07-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.